The board and board appointed committees
The Northam board is diverse, consisting of 13 members. A total of 23% of our board members hold engineering degrees, 38% are chartered accountants (SA) and the balance have relevant experience in corporate finance, mergers and acquisitions and other associated and requisite disciplines. Six board members, including our chief executive officer (CEO), have extensive exposure and experience as CEOs.
Board demographics
![Board demographics [graph]](/images/northam/graph-board-demographics-2020.png)
Tenure
![Tenure [graph]](/images/northam/graph-tenure-2020.png)
Gender diversity
Female
31%
4
![Gender diversity female [icon]](/images/northam/icon-gender-diversity-female-2020.png)
Male
69%
9
![Gender diversity male [icon]](/images/northam/icon-gender-diversity-male-2020.png)
Northam target for female
board representation: 20%
Age diversity
Oldest
member
75
Youngest
member
40
![Age diversity [icon]](/images/northam/icon-age-diversity-2020.png)
Average age of 57,
54% under the age of 60
Governance structure at 1 December 2020
Non-executive directors: | Executive directors: | Independent non-executive directors: |
---|---|---|
KB Mosehla
(non-executive chairman) TE Kgosi |
PA Dunne
(chief executive officer) AH Coetzee (chief financial officer) |
DH Brown (lead independent)
HH Hickey Dr NY Jekwa GT Lewis JJ Nel MH Jonas TI Mvusi JG Smithies |
Directorate and management at 1 December 2020
![KB Mosehla [photo]](/images/northam/dir-kb-moselha.png)
KB Mosehla
Chairman, non-executive director
CA (SA)
Appointed to the board in August 2015
Other directorships: Chief executive of Mosomo Investment Holdings Proprietary Limited, non-executive director of Malundi Resources (RF) Proprietary Limited, MC Mining Limited and Tembisa Provincial Teriary Hospital. Mr Mosehla is chairman of Zambezi Platinum (RF) Limited (Zambezi Platinum) and is the chief financial officer of The Housing Development Agency of South Africa.
Experience: Former executive director of Mvelaphanda Holdings Proprietary Limited and Mvelaphanda Resources Limited.
Expertise: Finance
![DH Brown [photo]](/images/northam/dir-dh-brown.png)
DH Brown
Lead independent non-executive director
CA (SA)
Appointed to the board in November 2017
Other directorships: Serves in a non-executive capacity on the boards of listed companies Resilient Reit Limited, Bindura Nickel Company Limited and the Vodacom Group Limited, where he is also the lead independent director. He is also chairman and non-executive director respectively of the unlisted Great Dyke Investments and Ntsimbintle Holdings (Pty) Limited.
Experience: Former CEO of MC Mining Limited and prior to that served as CEO and CFO at Impala Platinum Holdings Limited (Implats). He was previously a member of the Accenture South Africa advisory board, worked in information technology and for the Exxon Mobil Corporation in Europe.
Expertise: Mining (with PGMs focus), M&A, finance, audit and risk.
![AH Coetzee [photo]](/images/northam/dir-ah-coetzee.png)
AH Coetzee
Chief financial officer
CA (SA)
Appointed to the board in November 2018
Other directorships: Non-executive director of Zambezi Platinum.
Experience: Former associate director at EY.
Expertise: Finance, audit and risk management
![PA Dunne [photo]](/images/northam/dir-pa-dunne.png)
PA Dunne (British)
Chief executive officer
BSc (Hons), MBA
Appointed to the board in March 2014
Other directorships: Non-executive director of Zambezi Platinum and the International Platinum Group Metals Association (IPA).
Experience: Former executive director at Implats, responsible for all mining, concentrating and smelting operations at the group’s Rustenburg and Marula mines.
Expertise: Mining and metallurgy (with PGMs focus)
![HH Hickey [photo]](/images/northam/dir-h-hickey.png)
HH Hickey
Independent non-executive director
CA (SA)
Appointed to the board in January 2016
Other directorships: Independent non-executive director of Barloworld Limited, Cashbuild Limited and Pan African Resources Plc.
Experience: Former chairman of the South African Institute of Chartered Accountants.
Expertise: Finance, audit, risk management and governance at large, listed entities.
![Dr NY Jekwa [photo]](/images/northam/dir-dr-ny-jekwa.png)
Dr NY Jekwa
Independent non-executive director
MBA (Finance), MBBCh (Bachelor of Medicine and Bachelor of Surgery), MIoDSA
Appointed to the board in November 2017
Other directorships: Joint managing director of Mergence Investment Managers Proprietary Limited and an independent non-executive director of Ascendis Health Limited. She is also a non-executive director of Brait Societas Europaea.
Experience: Former head of capital raising at Coast2Coast Proprietary Limited (a private equity firm) and has held senior positions in both structured and leveraging finance at Rand Merchant Bank and Nedbank Corporate and Investment Bank.
Expertise: Finance and M&A
![GT Lewis [photo]](/images/northam/dir-gt-lewis.png)
GT Lewis
Independent non-executive director
BSc (Mining Engineering), MBA
Appointed to the board in December 2020
Experience: Former chief executive of Northam, and general manager of Zondereinde. Previously general manager of Gold Fields Ghana where he established the Tarkwa gold mine. At the same time he chaired the Ghana Chamber of Mines Technical Committee. Has held senior positions at various gold, coal and base metal mining operations.
Expertise: mining engineering, technical
![MH Jonas [photo]](/images/northam/dir-mh-jonas.png)
MH Jonas
Independent non-executive director
BA (History and Sociology)
Appointed to the board in November 2018
Other directorships: Chairman of MTN Group Limited and independent non-executive director of Sygnia Limited.
Experience: One of four independent presidential investment envoys, appointed by President Cyril Ramaphosa to attract investors to South Africa. Former deputy finance minister of the Government of South Africa from 2014 to 2017 and member of the National Assembly until April 2017. Former chairman and non-executive director of the Public Investment Corporation.
Expertise: Finance
![TE Kgosi [photo]](/images/northam/dir-te-kgosi.png)
TE Kgosi
Non-executive director
BCom (Hons)
Appointed to the board in November 2004
Experience: Former cluster manager – materials management (Gauteng and North West operating units) in supply chain operations, Eskom SOC Limited. Extensive experience in the banking sector (specialising in treasury), having held positions at a number of South Africa’s main banking groups as well as Credit Suisse First Boston (NY).
Expertise: Finance
![TI Mvusi [photo]](/images/northam/dir-ti-mvusi.png)
TI Mvusi
Independent non-executive director
BA, ELP, MAP, PDP
Appointed to the board in January 2016
Other directorships: Executive director of Sanlam Limited and director of various Sanlam group companies. Also non-executive director of Umso Construction Proprietary Limited.
Experience: Has served as chief executive of market development at Sanlam since August 2005 and was appointed acting chief executive of Sanlam Corporate in April 2017. Mr Mvusi was previously a general manager of Gensec Property Services Limited and marketing manager at Franklin and Templeton Asset Management.
Expertise: Finance and investment management
![JJ Nel [photo]](/images/northam/dir-jj-nel.png)
JJ Nel
Independent non-executive director
CA (SA), CFA (AIMR), AMP (INSEAD)
Appointed to the board in November 2018
Other directorships: Non-executive director of DRDGOLD Limited; Mimosa Holdings Proprietary Limited and Mimosa Investment Limited (owner of Mimosa Platinum mine in Zimbabwe); DRA Global Limited; and independent non-executive director of Tongaat Hulett Limited
Experience: Former divisional CEO for Sibanye- Stillwater Limited (Sibanye-Stillwater), heading the PGM division of Sibanye-Stillwater following the acquisition of Aquarius Platinum Limited (Aquarius) in 2016. Former CEO of Aquarius from 2012 to 2016.
Expertise: Mining (with PGMs focus), finance and M&A
![JG Smithies [photo]](/images/northam/dir-jg-smithies.png)
JG Smithies (British)
Independent non-executive director
BSc (Mining Engineering), BSc (Chemistry)
Appointed to the board in January 2017
Experience: Former director of operations and CEO of Implats.
Expertise: Mining (with PGMs focus)
Board and committee meetings
The board and its committees meet at least once a quarter; ad hoc meetings may also be called to consider specific issues. The investment committee and the nomination committee meet as and when required, which may be more or less than four times a year. All directors are required to declare their directorships and interests. At each board and committee meeting they are requested to declare any conflict of interest in matters pending.